Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Ross Stores Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Net earnings	1,722,589)	85,382)	1,660,928)	1,587,457)	1,362,753)	1,117,654)
Depreciation and amortization	360,664)	364,245)	350,892)	330,357)	313,163)	302,515)
Loss on early extinguishment of debt	—)	239,953)	—)	—)	—)	—)
Stock-based compensation	134,217)	101,568)	95,438)	95,585)	87,417)	74,554)
Gain on sale of assets	—)	—)	—)	—)	(6,328)	—)
Deferred income taxes	15,775)	(27,812)	32,009)	31,777)	(34,903)	(8,703)
Merchandise inventory	(753,291)	323,357)	(81,897)	(108,707)	(128,849)	(93,782)
Other current assets	1,420)	(39,406)	(10,315)	(30,789)	(31,796)	(928)
Accounts payable	135,311)	938,837)	114,153)	110,483)	41,322)	83,085)
Other current liabilities	198,595)	171,444)	30,513)	37,080)	49,068)	76,676)
Income taxes	(44,579)	39,806)	(35,239)	3,706)	—)	—)
Operating lease assets and liabilities, net	7,647)	13,669)	15,631)	—)	—)	—)
Other long-term, net	(39,499)	34,890)	(567)	9,728)	29,431)	7,780)
Change in assets and liabilities	(494,396)	1,482,597)	32,279)	21,501)	(40,824)	72,831)
Adjustments to reconcile net earnings to net cash provided by operating activities	16,260)	2,160,551)	510,618)	479,220)	318,525)	441,197)
Net cash provided by operating activities	1,738,849)	2,245,933)	2,171,546)	2,066,677)	1,681,278)	1,558,851)
Additions to property and equipment	(557,840)	(405,433)	(555,483)	(413,898)	(371,423)	(297,880)
Proceeds from sale of property and equipment	—)	—)	—)	—)	15,981)	—)
Decrease in restricted cash and investments	—)	—)	—)	—)	2,310)	3,388)
Proceeds from investments	—)	—)	517)	3,489)	40)	1,729)
Net cash used in investing activities	(557,840)	(405,433)	(554,966)	(410,409)	(353,092)	(292,763)
Issuance of common stock related to stock plans	25,069)	23,534)	22,209)	20,112)	18,468)	18,539)
Treasury stock purchased	(57,345)	(45,222)	(60,665)	(54,384)	(45,433)	(43,321)
Repurchase of common stock	(649,997)	(132,467)	(1,275,000)	(1,075,000)	(875,000)	(700,000)
Dividends paid	(405,123)	(101,404)	(369,793)	(337,189)	(247,526)	(214,640)
Net proceeds from issuance of short-term debt	—)	805,601)	—)	—)	—)	—)
Payments of short-term debt	—)	(805,601)	—)	—)	—)	—)
Net proceeds from issuance of long-term debt	—)	2,965,115)	—)	—)	—)	—)
Payments of long-term debt	(65,000)	(775,009)	—)	(85,000)	—)	—)
Payments of debt extinguishment and debt issuance costs	—)	(232,688)	—)	—)	—)	—)
Excess tax benefit from stock-based compensation	—)	—)	—)	—)	—)	23,331)
Net cash provided by (used in) financing activities	(1,152,396)	1,701,859)	(1,683,249)	(1,531,461)	(1,149,491)	(916,091)
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents	28,613)	3,542,359)	(66,669)	124,807)	178,695)	349,997)
Cash and cash equivalents, and restricted cash and cash equivalents, beginning of year	4,953,769)	1,411,410)	1,478,079)	1,353,272)	1,111,599)	761,602)
Cash and cash equivalents, and restricted cash and cash equivalents, end of year	4,982,382)	4,953,769)	1,411,410)	1,478,079)	1,290,294)	1,111,599)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Download chart

Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Ross Stores Inc. net cash provided by operating activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Ross Stores Inc. net cash used in investing activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Ross Stores Inc. net cash provided by (used in) financing activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

Ross Stores Inc. (NASDAQ:ROST)

Cash Flow Statement